Australian Investment Blog

As US stocks surge what to buy and sell locally short term Last night US equities again showed their current strength by ignoring the negative news from Doha and rallying, the S&P500 ended the day only 2% below all-time highs. Remember the simple under lying principle - a market that rallies on bad news is a strong market. At Market Matters we remain bullish US equities in the short term targeting fresh all time highs, the hardest call remains how far they will advance. Our best forecasts at present are - S&P500 to the 2300 area and for the ASX200 ~5400. As readers know we then believe equities will be in for a very tough but exciting time for the active investor. History tells us that it's the poor performers during a bull market which outperform during its maturity, hence what stocks to be in for the finale of this unloved bull market? S&P500 Amcor (AMC) We have been targeting over $15 to take all / part profit on AMC for around 6 months, for investors who are long, , we are sticking with this view. Take all or at least half profit on AMC into current strength over $15. And / or run a stop on positions at $14.80. REA Group (REA) REA has been a fantastic performer over the last few years but it remains in our target area for its current advance and we believe investors who are long should consider taking all / some profits: 1.
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